Bitcoin struggles to hold above $67,000 amid market-wide stagnation and fresh bear market warnings from analysts. Meanwhile, Ripple CEO Brad Garlinghouse expressed strong confidence in the impending approval of a key crypto bill, and MicroStrategy executed another major bitcoin purchase despite sitting on significant unrealized losses.
Bitcoin’s price continues to face significant resistance near the $70,000 mark after a volatile period. The asset dropped to near $65,000 last Friday before a weekend rally failed to decisively reclaim higher levels.
The broader altcoin market has shown minimal movement, with mixed performances among major assets. More notable gains this week came from tokens like WLFI, PEPE, and ZEC.
In regulatory news, Ripple CEO Brad Garlinghouse predicts the CLARITY bill has a high chance of approval soon. He stated that bipartisan interest in the legislation is high, which drives his optimism.
MicroStrategy announced another significant bitcoin acquisition this week, purchasing 2,486 BTC for just under $170 million. This brings the company’s total holdings to over 717,000 BTC, although its portfolio remains at an unrealized loss.
The Ethereum Foundation published a 2026 protocol roadmap, flagging post-quantum security as a core priority. It also aims to increase the gas limit and restructure development into three core tracks.
On-chain data from Santiment shows over half of ETH’s supply is now held by Ethereum’s proof-of-stake contract address for the first time. Meanwhile, CryptoQuant’s founder proposed freezing old Bitcoin addresses to prevent future quantum attacks.
Several analysts have issued bearish warnings about the current market phase. Veteran chartist Willy Woo stated that BTC has strengthened its bear market trend and has approached the second phase of a multi-stage downturn.
